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Business & farm
Thank you for that update. I understand that part and I’m having no issues with that. The instructions For showing the PPP loan forgiveness and expenses on schedule M2 have additional steps. It also says any expenses paid with PPP loans should be shown and included on line 3 in column one and five in column D. I cannot figure out how to make that work. Basically the OAA column will not to zero. I am wondering if there is a way to add in extra items on M2 or if TurboTax will be doing an additional update to the program to match the instructions for this form from the IRS?
February 7, 2022
6:45 PM